Valores

A


One drawback of completeness portfolios is that they essentially seek to eliminate misfit risk. As stated above, a nonzero amount of misfit risk may be optimal. In seeking to eliminate misfit risk through a completeness fund, a fund sponsor may be giving up some of the value added from the stock selection of the active managers
(Level III Volume 4 Fixed Income and Equity Portfolio Management , 4th Edition. Pearson Learning Solutions p. 260).
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